What are the signs that a property market has peaked?
- melbournepropertyh
- Mar 7, 2022
- 1 min read
The Sydney and Melbourne housing markets may have peaked or could be set to peak by spring, bank economists say, even as prices in other cities keep rising.
The largest capitals are showing signs of a slowdown, although prices remain elevated after low interest rates fuelled a pandemic property boom.
Although a healthy number of homes are still selling at auction, buyers are less willing to keep paying more and more, and a handful of indicators show momentum stalling, including slowing demand for loans, reduced buyer budgets, affordability barriers and worsening sentiment.
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